Lease

A lease connects a tenant to a unit for a date range and monthly rent amount. Lease snapshots appear on property detail pages and are used to calculate occupancy, rent roll, overdue balances, and upcoming expirations.

Draft leases are unfinished. Scheduled leases have been completed with a future start date and do not count as current occupancy. Active and notice leases count as occupied; ended leases remain in the lease history.

For joint billing, all tenants share one invoice balance. For individual billing, each tenant has a rent and deposit share; the shares must add up to the lease totals. When partial payments are disabled, an invoice must be paid in full in one payment or one payment batch.

When invoices are generated while creating a lease, fixed-term leases receive one invoice for every month in the lease term. Month-to-month leases receive an initial 12-month invoice horizon; create later invoices manually because Parcelis does not automatically extend that horizon.